Affidavit of Contractor
Definition and meaning
The Affidavit of Contractor is a legal document used to affirm that a contractor has completed work on a project, including the payment of all applicable bills for materials, labor, and other costs associated with the project. This form helps protect both contractors and owners by documenting that all parties involved have been compensated accordingly.
How to complete a form
To complete the Affidavit of Contractor, follow these steps:
- Begin with the preliminary statement, identifying the affiant and their relation to the contractor.
- Fill in the name of the contractor and the owner of the project.
- List the project title as specified in the contract documents.
- Detail all subcontractors, specifying their names, addresses, and any amounts due or to become due.
- Complete the section for materialmen with similar details of any suppliers involved.
- Document information about unpaid laborers, indicating their contributions and any outstanding payments.
- Finally, sign the affidavit before a notary public.
Who should use this form
The Affidavit of Contractor is typically used by contractors who need to verify payment statuses related to their work. It is also suitable for property owners who require assurance that contractors and subcontractors have been paid, helping to establish financial accountability within construction and renovation projects.
Key components of the form
This form includes several critical components:
- Identification of the Affiant: The individual swearing to the affidavit must be identified.
- Contractor Information: This section details the contractor's name and address.
- Owner Information: The owner of the property or project must be recorded.
- Subcontractors and Suppliers: Names and addresses of all subcontractors and any materials used must be listed.
- Laborers: Information regarding any unpaid labor should be clearly identified.
Common mistakes to avoid when using this form
When completing the Affidavit of Contractor, it's crucial to avoid these common errors:
- Failing to include all subcontractors and suppliers can result in financial disputes.
- Leaving any fields blank, especially the names and amounts due, could invalidate the affidavit.
- Not notarizing the document may render it unenforceable in legal situations.
- Providing incorrect or outdated information can lead to complications for all parties involved.
What to expect during notarization or witnessing
When having the Affidavit of Contractor notarized:
- The affiant must present valid identification to the notary.
- The notary will watch the affiant sign the document, ensuring they do so willingly and with understanding.
- Once signed, the notary will stamp and sign the affidavit, which officially certifies its authenticity.
Benefits of using this form online
Using the Affidavit of Contractor online has several advantages:
- Accessibility: Users can easily download the form from any location.
- Time-saving: Online forms can often be filled out more quickly compared to paper versions.
- Guidance: Many online platforms provide step-by-step instructions, ensuring accurate completion of the form.
- Reduced errors: Fillable online forms often include prompts and checks to help prevent mistakes.
Form popularity
FAQ
The Final Payment Affidavit is a sworn statement that serves as a comprehensive outline, issued after completion of a project, to notify the property owner of how much money is still owed for materials and services provided.
Example: I, Jane Smith, swear that the information in my sworn statement is truthful to the best of my knowledge and understanding. Your statement of truth must be in the first person and you need to identify yourself in it. Keep it short and sweet.
After the prime contractor has received payment, they must release payment to their subcontractors and suppliers within 30 days of either when payments became due after furnishing labor or materials, or after the request for payment was received; whichever is later.
About G706-1994. What it is. Document G706??1994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.
Prompt Payment - means payment of proper invoices made within 45 days for non-construction services and 20 business days for construction services of the payment due date as calculated by the Accounts Payable Section of the Finance Department ing to the Florida Prompt Payment Act.
Per Florida Statutes 713.16, the sworn statement of account is a written statement that documents the nature of the labor or services performed or to be performed, materials supplied or to be supplied, current amount paid on the account, amount due and amount to become due as stated by the lienor.
Provider Certification: I, the undersigned, certify under penalty of perjury that I/my organization received payment by means of the check(s) identified on the Payment Detail Table or Payment Detail Spreadsheet, in the amount stated for the specified invoices from the identified payor.
The execution of an Unconditional Waiver upon Final Payment in Florida means that the signor has waived their right to file a mechanics lien for payment in any amount and extinguishes all preexisting claimant rights.